The fourth property from Porte Communities is here!
The Harrison is a building Marda Loop in Calgary, AB with 51 residential units and 12 commercial units. The plan is to hold the property for 8 years as an income-producing asset, allowing for estimated monthly distributions and then sell the property.
Porte Communities has dropped several properties on addy. Their first property, Willowglen Business Park, dropped in 2020 and was the 4th property to be added to the addy platform. Shortly thereafter they dropped Airdrie Block and Altadore Townhomes, and now, The Harrison will available to addy members.
Invest by midnight PT on Jan. 31 to be eligible for a divvy in February!
This is an already cash-flowing property and the Issuer has declared an early dividend! This means that any investors on record as of midnight PT on January 31 will be eligible for a dividend in February 2024 and monthly thereafter.
Estimated Distribution Schedule
More details on the property:
Check out these videos below or visit the property page here on in your addy account.
Other Ways This Prop Pays 🤑
- The cash flow for this property is expected to be 5% annually
- The property value at disposition after disposition costs is expected to be $33M representing a $5.3M gain in property value
- The mortgage is expected to be paid down by approx. $130,000 a year.
Join the Livestream for an inside look at The Harrison
Exclusive for addyOne members! Our CEO, Mike, is hosting a live stream event kicking off at 11 am PT / 12 pm MT / 2pm ET where the team will go through the property (co-founder, Stephen Jagger, is on-location ready to show you around!), and get any questions answered directly from our real estate team. A contest and some other perks will be available to those who tune in! Details will be emailed to addyOne members.
Invest in Calgary:
The General Partner:
Porte has a fully integrated team of over 50 staff across BC and Alberta. From ground up development and construction, project sales, asset and property management, and arranging financing of completed assets, Porte’s team is fully capable of providing scale and operational efficiencies. Porte was founded in 1968 and has developed, managed, and operated over 3500 residential units and 1.2M square feet of commercial space.
The Dealer:
Purchasing these securities will be conducted by Equivesto Canada Inc. (Equivesto), an Exempt Market Dealer (EMD) in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, Yukon, North West Territories, Nunavut, Prince Edward Island, Nova Scotia, New Brunswick, and Newfoundland and Labrador (ND# 63820). Equivesto and Addy Portal Corporation (addy) have entered into an agreement, pursuant to which and subject to its terms, Equivesto shall act in the capacity of an EMD for distributions facilitated by addy. This portal is operated pursuant to that agreement.
The Harrison from Porte: thanks for the video from your visit. As an experienced massage therapist of Ontario, I immediately recognized one of the commercial rental unit’s sign ” massage addict” on this building rental unit. Massage Addict is a highly reputable and profitable franchised massage therapy clinic that are very careful on where to setup their clinic. You may not realize how important that piece of information for someone like me who know both real estate investment and the massage therapy – It is so valuable similar to setting up a pizza business next to Walmart! Yes, I am in for sure!
Thank-you for that data. Very helpful. I’ve not heard of Massage Addicts before but I’m in BC. This is one of the wonderful things about addy. So many partners with different valuable knowledge and experiences willing to invest together.